Global financial markets are selling-off as they start their work week after Standard & Poor’s (S&P) downgraded the U.S. to AA+. Wall Street is set to open sharply lower due to world wide reaction. While markets world wide are reacting, gold and silver seem to be going in the opposite direction. Gold is poised to hit the $1,700 mark. The question that all are asking after the S&P downgraded the U.S. to AA+ is what does it all mean for my money. Ed Butowsky, managing partner of Chapwood Investment Management, joins Fox Business Special Edition to discuss how this downgrade will affect the U.S. economy and of course your money.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
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Tags: aa+, bonds, credit rating, downgrade, economy, fox business, gold, market, money, rates, s and p, sell off, standard and poors, stocks, wall street
